MP's want compensation for pensioners suffering low interest rates

princeofpounds

Here's an idea. Why don't they sell the houses they paid a few grand for, and are now worth several hundred thousand pounds. The notion of young workers paying more in tax to allow the luckiest generation in history to live easier is preposterous. I'm sure pensioner's votes has nothing to do with this idea.

This.... although the luckiest generation is only just starting to enter pension age.

Record low interest rates might reduce the income on an investment pot, but they have also massively increased the value of many of those investment pots (especially those who invested in property, shares or anything else that delivers a real income).

Itismehonest

DaddyBear wrote: »

Here's an idea. Why don't they sell the houses they paid a few grand for, and are now worth several hundred thousand pounds. The notion of young workers paying more in tax to allow the luckiest generation in history to live easier is preposterous. I'm sure pensioner's votes has nothing to do with this idea.

There are many that would love to but the concentration on making things easier for the bottom end of the market hasn't helped at all with anything further up.
Even if they sell their property a home of some sort still has to be paid for. That's either another purchase, rental or, in some cases, tens of thousands needed every year to pay for care in a home.
As to the luckiest generation - you really need to speak to more people who were born before the 60s.

Radiantsoul

CLAPTON wrote: »

the principles of pension are sadly not understood (a bit like the paradox of thrift/savings)

savings for retirement can benefit an individual or a few in society as that means thst some of us can be richer than the others

if everyone saves for retirement then we might just as well have a an increased state pension

I guess the issue is who bears the investment risk. If you let people have their own accounts they do.

The other thing is you would probably have to run a government surplus.